Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.22.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets  
Schedule of changes to goodwill

Changes to goodwill during the year months ended March 31, 2022 were as follows:

    

Total

Balance—March 31, 2020

$

11,085,984

Impairment of goodwill in period

 

(6,803,000)

Balance—March 31, 2021

4,282,984

Impairment of goodwill in period

(4,282,984)

Balance—March 31, 2022

$

Schedule of intangible assets

Intangible assets consist of the following at March 31, 2022 and March 31, 2021:

Patents &

Exclusive

License

Customer

Non-Compete

Assembled

    

Agreement

    

Trademark

    

Relationships

    

Agreement

    

Workforce

    

Useful Life

 

9.74 years

 

Indefinite

 

10 years

 

2 years

 

1 year

 

Total

Gross carrying amount

$

1,306,031

$

2,505,907

$

1,431,680

$

61,366

$

275,720

$

5,580,704

Impairment

 

(634,012)

 

(2,505,907)

 

(857,298)

 

 

 

(3,997,217)

Accumulated amortization

 

(672,019)

 

 

(574,382)

 

(61,366)

 

(275,720)

 

(1,583,487)

Balance—March 31, 2022

$

$

$

$

$

$

Patents &

Exclusive

License

Customer

Non-Compete

Assembled

    

Agreement

    

Trademark

    

Relationships

    

Agreement

    

Workforce

    

Useful Life

 

9.74 years

 

Indefinite

 

10 years

 

2 years

 

1 year

 

Total

Gross carrying amount

$

1,306,031

$

2,505,907

$

1,431,680

$

61,366

$

275,720

$

5,580,704

Impairment

 

(316,388)

 

(1,905,907)

 

(857,298)

 

 

 

(3,079,593)

Accumulated amortization

 

(613,092)

 

 

(574,382)

 

(61,366)

 

(275,720)

 

(1,524,560)

Balance—March 31, 2021

$

376,551

$

600,000

$

$

$

$

976,551